00:00We know that people like Jeffrey Epstein, it's now a public record, were involved as early as 2017 in setting
00:07up the scheme of this great pandemic for some investors to make a fortune, such as Bill Gates.
00:13Epstein and Bill Gates discussed, matter of public record, of how to get rid of the poor people.
00:18And of course it was used at the same time to push digital ID.
00:22Realize it's not just financial activities, it's about all activities, and the programmability is a key feature.
00:28The Bank of England asked the government, the politicians in the UK to give them the power to have programmable
00:36digital currency, and that is a controlled tool.
00:41The pilot CBDC projects that are ongoing, for example this one in Brazil in particular, experts have already found out,
00:49yes, it has all those features.
00:50You can freeze transactions, you can take people's money away, you can intervene in those ways.
00:56Now the central planners claim, we will not abuse the limitless power that digital ID and CBDCs will give us.
01:03Okay, well should we trust them?
01:06Well, I can be brief here, I think all of you know examples of how this sort of power has
01:12already been abused,
01:12just thinking of Justin Trudeau's ending the peaceful demonstrations by truckers in Ottawa.
01:19The bank accounts were frozen, their ability to buy food is how they got them, too few used cash and
01:26digital currency.
01:28Well, they didn't have CBDCs, they had to pass laws to do it, and that will be very easy once
01:32you have CBDCs.
01:34The police froze 206 financial products, including bank and corporate accounts,
01:38disclosed 56 entities associated with vehicles, facial recognition,
01:42even 253 Bitcoin addresses were identified and PayPal was also shut down.
01:48So, that's how they can do it.
01:51Now, interestingly, no such financial controls had been used previously to stop criminals.
01:57But, of course, peaceful demonstrating citizens, that's when it seems the central planners get pretty creative about how to stop
02:06people.
02:07And, of course, we all know what happened in 2020, digital IDs suddenly were a topic,
02:11vaccination passports as a backdoor to introduce digital ID,
02:15and then, of course, programmability.
02:17You can, you know, close access if you don't do X, Y, Z,
02:22and it can be anything the government central planners decide.
02:25And now we have the EU commissars already abusing their dictatorial powers that they've had for a while,
02:31but now they're showing these powers, but declaring polite, very polite, considered critics like Jacques Bourne,
02:39you know, a Swiss former sort of army officer in his, you know, just giving his opinions.
02:45He's an outlaw now.
02:47He's been sanctioned.
02:48He can't buy food.
02:50He can't leave the country, Belgium, in order to travel back to Switzerland.
02:54It is quite extraordinary.
02:55Now, on the monetary front, the CBDC is the biggest upheaval in our monetary system in more than 300 years.
03:03But the digital aspect is not new.
03:06What is happening, therefore, is the centralization, but it's a particular type of centralization.
03:11The central banks are ripping up the old agreement between the banks and the central banks,
03:16which was that the central banks deal with banks and the banks deal with us.
03:20And, overall, the banks haven't really abused that.
03:23You know, they've never sold our data ever, our transactions data.
03:26They haven't.
03:27That's really why they've become the enemy, because that is supposed to be a currency that they want to sell
03:32and trade,
03:33and banks have refused to do that.
03:35So the central banks are now stepping into the arena and want to compete against their regulated, the banks.
03:41This is like playing football, the umpire saying, well, it's a bit boring, I'm going to join, I'm going to
03:47score some goals,
03:47but I'll still reserve the right to blow the whistle, give the red card, give the yellow card.
03:52Who's going to win that game?
03:53So the bank regulators will compete against the banks.
03:56Because CBDC is just a current account at the central bank.
04:00That's what's happening.
04:02Of course, this conflict of interest explains what the central banks have been doing.
04:07They've been taking anti-bank policies for many decades.
04:10Already in 2002, I warned about how the central banks were creating these asset bubbles, banking crises, recessions.
04:18And, of course, that has continued ever since.
04:21Unabated, we've got regulatory moral hazard.
04:24The more crises they create, the more powers we give them.
04:27Each time they demand, oh, it's because we didn't have enough powers.
04:29Which is not actually true, and should have been stopped earlier.
04:35So, can we trust the central banks to give them yet more power?
04:38I think the answer should be a resounding no.
04:40The high inflation that started in 21 was created by the central banks.
04:44No matter what they tell you about wars, the economics is very clear.
04:48I could forecast it quite successfully from May 2020 onwards that 18 months later we'll get significant inflation.
04:54Because the money creation was just massive off the charts.
04:57But then the central banks imposed a fake pandemic.
05:00You know that story.
05:01And we know that people like Jeffrey Epstein, it's now a public record, were involved as early as 2017 in
05:08setting up the scheme of this great pandemic for some investors to make a fortune, such as Bill Gates.
05:16And then we can also make money injecting people with stuff and solve the problem, as Epstein and Bill Gates
05:21discussed, matter of public record, of how to get rid of the poor people.
05:26And, of course, it was used at the same time to push digital ID.
05:31Now, this is – you know, what they're giving us is not the only option.
05:36We can have prosperity.
05:39Their goal is zero growth, negative growth.
05:41Germany now, third year of recession.
05:43First time since 1933.
05:45But, actually, we could have high growth everywhere in the world and prosperity for all.
05:50How do you do that?
05:51200 years of strong economic growth in Germany were due to many, many small banks, local money creation, money lent
05:58to small firms.
05:59They're the main employer, 60%, 70% of employment is with SMEs.
06:03That's how you spread the prosperity.
06:06These hidden champions in Germany, where Germany really sticks out, is small firms that are global market leaders.
06:12Yes.
06:13Now, how is that possible?
06:14Because Germany has the largest number of banks in Europe.
06:18Well, we should use past tense.
06:19Had the largest number of banks.
06:22And they were mostly small local banks.
06:24That is the way to generate prosperity.
06:26But the central planners don't like that.
06:28And they've been killing banks.
06:30So, ECB policies have been very successful.
06:32Under the ECB, a very young central bank.
06:33Already 6,000 banks have disappeared in Europe.
06:36And, surprise, surprise, it's not Goldman Sachs that has disappeared.
06:41So, last chance to learn, and I'm wrapping up here.
06:44The overarching trend of the 20th century was the concentration of power in the hands of fewer and fewer people.
06:48Lord Acton, quite wisely, and he was really an observer of politics for many decades, concluded power corrupts.
06:56That's the reality.
06:57That's human nature.
06:57If you give people power, too much power, it will lead to bad results.
07:01Absolute power corrupts absolutely.
07:04So, we have to stop the further spread of digital ID and the introduction of CBDCs.
07:09Already, Europe is being deindustrialized, economically destroyed.
07:13We can't give these central planners that have delivered this yet more powers.
07:16Instead, we need to decentralize, break up the concentrated power, oppose digital ID.
07:21We are sovereign individuals.
07:23We don't need to prove our identity.
07:24If somebody wants to check identity, well, that's their problem.
07:27We need to oppose digital asset registers and tokenization of our assets and of nature.
07:32And we need, most of all, of course, to oppose CBDCs.
07:35A decentralized monetary system is the future.
07:37Many small local banks in a decentralized fashion implementing subsidiarity.
07:42That has proven to be very successful.
07:45That's how China became an economic superpower within one generation.
07:50They moved from one bank in the Soviet system, central planners loved it, to 5,000 banks with 30 loan
07:57officers in 35 branches.
07:59That's more than 5 million people checking millions and millions of small firm loan applications for productive business investment.
08:05It's easier to find people to govern themselves than people fit to govern others because those who are currently governing
08:12us, they're not fit to do so.
08:15Thank you very much.
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